NIFTY is going up in an optimism of fund flow to India and EM due to US shut down. Tapering is delayed. Even if US starts working this week NIFTY could again go up thinking now every problem is resolved.
USD index is also going down and helping Rupee. Debt ceiling decision in US on October 17 could govern further market direction. Infosys and TCS results could add to the momentum in short term.
FIIs are buying. It seems NIFTY is all set to touch 6200 again.
This theory could go wrong if shut down in US continues beyond 17. Rupee depreciates on demand from importers.
NIFTY:
Sell 6500 Calls of November expiry in the range of 35-40. Keep averaging at higher levels.
Portfolio:
First week was bad for our portfolio and loss is in the range of 10000/-.
Let us continue with same in next week with following addition:
Buy SBI 1600 PUT between 57-58 and add to portfolio.
Buy M & M 880 Call between 28-30
Disclaimer: This blog does not take any responsibility of your profit/loss
USD index is also going down and helping Rupee. Debt ceiling decision in US on October 17 could govern further market direction. Infosys and TCS results could add to the momentum in short term.
FIIs are buying. It seems NIFTY is all set to touch 6200 again.
This theory could go wrong if shut down in US continues beyond 17. Rupee depreciates on demand from importers.
NIFTY:
Sell 6500 Calls of November expiry in the range of 35-40. Keep averaging at higher levels.
Portfolio:
First week was bad for our portfolio and loss is in the range of 10000/-.
Let us continue with same in next week with following addition:
Buy SBI 1600 PUT between 57-58 and add to portfolio.
Buy M & M 880 Call between 28-30
Disclaimer: This blog does not take any responsibility of your profit/loss
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